Blogs
Learn from others to see how Analytica has helped organizations of all shapes and sizes gain valuable insights to make more informed decisions.
Select the categories below to see industry specific examples, different tools and methodologies, gain access to open-sourced models, learn about spreadsheet conversions, integrations, modeling tips and so much more!
Deterministic or Stochastic – Which business modeling should you present?
Aaah… if only someone had written a program to automatically choose the type of modeling for any given business situation. Perhaps somebody has and it is buried somewhere ...
5 mistakes to avoid if you want to make good quantitative risk assessments
Numbers don’t lie. It’s the people using them that are responsible for falsehoods, distortions, or simply mistakes! Yet numbers have several attractions: you can compare them ...
Business modeling needs more than spreadsheet dinosaurs
Huge body, tiny brain. Those were prominent characteristics of dinosaurs and part of their DNA. Those that were unable to cope with changes died out, although they had a good run ...
Estimation of mutual information
A measure of association is a function that rates the strength of statistical dependence between two variables. In casual talk, people often express this idea by asserting that ...
Never tell me the odds?
In my last post, I discussed the meaning of expected value (EV) and how it’s useful for comparing the values of choices we could make when the outcomes we face with each choice ...
A brief explanation of expected value
When helping people analyze the risks they face in complex decisions, I frequently receive requests for an explanation of expected value, as expected value is a measure commonly ...
Displaying indexes in balloon help
In a meeting today, Paul Sanford suggested that it would be nice if Analytica would show the indexes of a variable when you hover over its node. “I know how I can do that right ...
Odd Couples: how ice skaters & fireflies tell us something about the language of the universe
The universe has always possessed the language it needs to conduct its own affairs. I don’t think it could be otherwise. Because my daughter participates in competitive figure ...
